Author: IFLR Correspondent | Published: 5 Aug 2019

Join us, Bank of America Merrill Lynch and Morrison &
Foerster for this live webinar focusing on the current and
future state of financial benchmark regulation used in the
EU.

The EU’s Benchmarks Regulation imposes a range
of stringent requirements aimed at ensuring the integrity and
reliability of benchmarks used in a vast number of financial
transactions. Although the provisions of the regulation are
already in force, transitional provisions mean that many index
providers will only be required to comply from 1 January 2020
or, in the case of critical benchmarks and non-EU benchmarks, 1
January 2022.

After these dates, EU banks, fund managers and other
financial institutions will be unable to use financial
benchmarks in a huge range of funds, securities, derivatives
and other financial instruments, unless they comply with the
provisions of the regulation. In particular, this webinar will
discuss what financial markets participants need to know
about:

Which persons/entities are affected by the
regulation

When an index or benchmark will fall within the scope of
the regulation, in particular its restrictions on benchmark
use for certain transactions

Specific rules that affect certain benchmarks, such as
critical benchmarks and commodity benchmarks

The timing for compliance with the regulation

The specific provisions concerning the use of benchmarks
from non-EU providers